British Land (LON:BLND) Given Underperform Rating at Jefferies Financial Group

British Land (LON:BLND)‘s stock had its “underperform” rating restated by equities researchers at Jefferies Financial Group in a research report issued to clients and investors on Thursday, Digital Look reports. They presently have a GBX 331 price target on the stock. Jefferies Financial Group’s target price would suggest a potential downside of 20.70% from the company’s previous close.

British Land Price Performance

Shares of LON:BLND traded down GBX 5 during trading on Thursday, reaching GBX 417.40. 2,959,894 shares of the company’s stock traded hands, compared to its average volume of 22,785,471. The company has a quick ratio of 0.25, a current ratio of 0.15 and a debt-to-equity ratio of 52.34. British Land has a fifty-two week low of GBX 335.40 and a fifty-two week high of GBX 451.60. The company has a 50-day simple moving average of GBX 410.87 and a 200-day simple moving average of GBX 406.55. The firm has a market cap of £4.28 billion, a PE ratio of 9.21, a P/E/G ratio of 6.76 and a beta of 1.18.

British Land Company Profile

Our portfolio of high quality UK commercial property is focused on London Campuses and Retail & London Urban Logistics assets throughout the UK. We own or manage a portfolio valued at £13.0bn (British Land share: £8.9bn) as at 31 March 2023 making us one of Europe's largest listed real estate investment companies. We create Places People Prefer, delivering the best, most sustainable places for our customers and communities. Our strategy is to leverage our best in class platform and proven expertise in development, repositioning and active management, investing behind two key themes: Campuses and Retail & London Urban Logistics.